Pivotal Metals Limited (ASX:PVT) (‘Pivotal’ or the ‘Company’) is pleased to advise it has received oversubscriptions and firm commitments for a $2.5 million placement (Placement) at $0.016 per share, being a 5.6% discount to the 5 day VWAP. The offer was oversubscribed and scale backs were applied. Highlights Firm commitments for $2.5m Placement received, endorsing...
Overview The global helium market is expected to increase from $4.45 billion in 2022 to $5.03 billion in 2023 at a compound annual growth rate of 12.9 percent driven by the growing demand for helium from the healthcare industry. Helium is important in medicine because this rare element is used in various ways, one of...
The S&P/TSX Venture Composite Index (INDEXTSI:JX) closed at 525.01, adding 3.13 points and marking a second week of gains. Markets got a boost on Wednesday (November 1) when the US Federal Reserve reported that it would be holding rates at 5.25 to 5.5 percent. The central bank also indicated that it believes the economy is...
Perth, Australia (ABN Newswire) – Cyprium Metals Limited (ASX:CYM) provides the following overview of the Company’s activities. Nifty Strategy The Company’s priority is to restart the Nifty operation with lower capital intensity and lower risk by developing a large-scale open pit mine utilising the extensive sunk capital infrastructure. The Nifty development strategy currently includes the...
Construction: Physical construction of the Project is now 70% complete Significant advancement in mine pre-stripping, with first sulphide ore on track to be reached in early November All earthworks now completed, including the water storage reservoir, site drainage and run-of-mine stockpiles Over 15,000 cubic meters of concrete poured (over 65% complete), concluding all major foundation...
Perth, Australia (ABN Newswire) – Cyprium Metals Limited (ASX:CYM) advises that Wayne Apted has resigned as the Chief Financial Officer and Company Secretary, effective today. The Board wishes to thank Mr Apted for his considerable efforts and contribution to the growth of Cyprium since 2019 and wishes him well in his future endeavours. The Company’s...
Overview When it comes to mining deposits, there’s no denying the potential output Peru has to offer. In 2022, Peru produced 2.2 million metric tons of copper, making it the world’s second-largest producer of copper. Peru was also one of the largest gold producers in 2022, ranking 9th in the world. The mining-friendly country’s appeal...
While it’s clear now that 2020 wasn’t the peak for copper supply, there are still signs that a tight supply scenario — and higher prices — is on the horizon. Unlike peak oil, which was reversed with the help of fracking, no such technological advancements are available for copper production, and there are no viable...
VVC Resources (TSXV:VVC,OTCQB:VVCVF) is fully funded and focused on ramping up exploration work at its Syracuse helium project, according to the company’s chairman, Dr. Terrence Martell. “We’ve identified eight wells that we have drilled. We need to finish those wells, and the money that we have in the bank now will allow us to do...
Perth, Australia (ABN Newswire) – Cyprium Metals Limited (ASX:CYM) is pleased to advise that it has executed a Shortfall Agreement with Nebari Natural Resources Credit Fund II, LP (Nebari) to take $500,000 of the shortfall under the $5,000,000 Entitlement Offer which closes on 7 September 2023 (also refer to CYM ASX release dated 14 August...